6,782 Shares in The Hanover Insurance Group, Inc. $THG Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. purchased a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,782 shares of the insurance provider’s stock, valued at approximately $1,232,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in shares of The Hanover Insurance Group during the third quarter valued at about $334,000. Buckhead Capital Management LLC raised its stake in The Hanover Insurance Group by 2.2% during the third quarter. Buckhead Capital Management LLC now owns 3,435 shares of the insurance provider’s stock valued at $624,000 after buying an additional 75 shares during the last quarter. Oak Thistle LLC bought a new position in The Hanover Insurance Group in the 3rd quarter worth about $1,401,000. GAMMA Investing LLC lifted its stake in shares of The Hanover Insurance Group by 25.4% in the third quarter. GAMMA Investing LLC now owns 671 shares of the insurance provider’s stock worth $122,000 after buying an additional 136 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its stake in The Hanover Insurance Group by 29.8% during the 2nd quarter. Corient Private Wealth LLC now owns 2,956 shares of the insurance provider’s stock valued at $502,000 after purchasing an additional 679 shares during the last quarter. Institutional investors own 86.61% of the company’s stock.

Wall Street Analysts Forecast Growth

THG has been the topic of a number of recent analyst reports. Royal Bank Of Canada assumed coverage on shares of The Hanover Insurance Group in a report on Monday, November 24th. They set a “sector perform” rating and a $200.00 price target on the stock. Morgan Stanley lifted their price objective on The Hanover Insurance Group from $185.00 to $190.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods upped their target price on shares of The Hanover Insurance Group from $198.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, The Hanover Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of $199.00.

Insider Activity

In other news, EVP Denise Lowsley sold 1,619 shares of The Hanover Insurance Group stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $181.47, for a total value of $293,799.93. Following the completion of the transaction, the executive vice president owned 3,511 shares in the company, valued at approximately $637,141.17. The trade was a 31.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by insiders.

The Hanover Insurance Group Stock Performance

NYSE:THG opened at $182.64 on Friday. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 10.56 and a beta of 0.33. The stock’s 50 day simple moving average is $180.83 and its two-hundred day simple moving average is $175.12. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.42 and a quick ratio of 0.42. The Hanover Insurance Group, Inc. has a 1 year low of $145.17 and a 1 year high of $188.18.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $5.09 EPS for the quarter, beating the consensus estimate of $3.79 by $1.30. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.72 billion. The Hanover Insurance Group had a net margin of 9.71% and a return on equity of 21.73%. The Hanover Insurance Group’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.05 earnings per share. As a group, equities analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.1%. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.90. The ex-dividend date was Friday, December 12th. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 21.98%.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.